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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended
--- | ---
Jun. 30, 2015 | Jun. 30, 2014
Net sales | $ 24,230,056 | $ 23,840,882
Cost of goods sold | 15,781,489 | 17,816,754
Impairment of capitalized software, inventory and related items | 0 | 6,305,947
Gross profit | 8,448,567 | (281,819)
Operating expenses: |  |
Selling, general and administrative expenses | 7,904,739 | 10,468,708
Unauthorized transaction related costs and recoveries, net | 31,027 | (745,795)
Total operating expenses | 7,935,766 | 9,722,913
Income (loss) from operations | 512,801 | (10,004,732)
Other expense (income): |  |
Interest expense (income) | (12,813) | 49,589
Income (loss) before income tax provision (benefit) | 499,988 | (9,955,143)
Income tax provision (benefit) | 17,375 | (4,401,589)
Net income (loss) | $ 482,613 | $ (5,553,554)
Income (loss) per common share: |  |
Basic (in dollars per share) | $ 0.07 | $ (0.75)
Diluted (in dollars per share) | 0.07 | (0.75)
Dividends declared per common share (in dollars per share) | $ 0 | $ 0.18

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